Wesdome Gold Mines Ltd. (TSE:WDO) Senior Officer Frederic Mercier-Langevin Sells 3,100 Shares of Stock

Wesdome Gold Mines Ltd. (TSE:WDO) Senior Officer Frederic Mercier-Langevin sold 3,100 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$12.55, for a total transaction of C$38,905.00.

Frederic Mercier-Langevin also recently made the following trade(s):

• On Thursday, August 29th, Frederic Mercier-Langevin sold 5,000 shares of Wesdome Gold Mines stock. The stock was sold at an average price of C$13.37, for a total transaction of C$66,850.00.
• On Friday, August 23rd, Frederic Mercier-Langevin sold 5,000 shares of Wesdome Gold Mines stock. The shares were sold at an average price of C$13.46, for a total value of C$67,300.00.

Wesdome Gold Mines Trading Up 1.3 %

TSE WDO opened at C$12.77 on Thursday. Wesdome Gold Mines Ltd. has a 12 month low of C$6.84 and a 12 month high of C$14.99. The company has a current ratio of 1.49, a quick ratio of 0.37 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average price is C$13.00 and its 200-day moving average price is C$11.42. The stock has a market cap of C$1.91 billion, a P/E ratio of 49.12 and a beta of 0.86.

Wesdome Gold Mines (TSE:WDO) last issued its earnings results on Wednesday, August 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.05. Wesdome Gold Mines had a net margin of 9.74% and a return on equity of 8.68%. The firm had revenue of C$127.80 million for the quarter. As a group, equities analysts forecast that Wesdome Gold Mines Ltd. will post 1.2298507 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WDO shares. National Bankshares lifted their price objective on Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Ventum Cap Mkts upgraded shares of Wesdome Gold Mines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 28th. CIBC upped their price objective on shares of Wesdome Gold Mines from C$14.00 to C$14.50 in a report on Wednesday, July 10th. Ventum Financial lifted their target price on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a research note on Thursday, August 29th. Finally, BMO Capital Markets boosted their price target on shares of Wesdome Gold Mines from C$14.00 to C$18.00 in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$14.38.

Wesdome Gold Mines Company Profile

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.